LONDON, April 12, 2013 /PRNewswire/ --
Major indices closed in the green after receiving positive impetus from lower unemployment benefit figures. However, the technology sector tumbled as a report showed consistent decline in PC shipments. The benchmark index NASDAQ closed only marginally higher at 3,300.16, showing 0.09 percent gain. Major companies from the communication equipment industry like Alcatel Lucent SA (NYSE: ALU), Qualcomm Inc. (NASDAQ: QCOM) and Sonus Networks Inc. (NASDAQ: SONS) saw a share price decline, defying the broader market trends. However, Tellabs Inc., which also dwells in the same space, (NASDAQ: TLAB) closed marginally higher. StockCall has posted free technical research reports on ALU, QCOM, TLAB, and SONS and these can be accessed by signing up at
http://www.stockcall.com/analysis
Alcatel Lucent SA slipped lower with below average volume to end its latest session at $1.46. The stock ended 1.35 percent lower than its previous close. Its volume for the day stood at 9.92 million shares. The stock is currently trading in-line with its 20-day SMA and 50-day SMA of $1.46, showing a neutral trend. Its first resistance level is at $1.52 while it may tumble down to $1.43 before receiving any support. Alcatel Lucent's stock is up 8.15 percent on a YTD basis, while its 52 weeks loss stands at 32.09 percent. The company commands market capitalization of $3.41 billion, and it trades at beta of 2.32 which makes it a highly volatile stock. Download the free report on ALU upon registration at
http://www.StockCall.com/ALU041213.pdf
Qualcomm Inc. ended its latest trading session at $67.03, down 0.38 percent from its previous close. Despite its latest downward movement, the stock is up 10.54 percent on a YTD basis, while its 52 weeks loss stands at 0.24 percent. Qualcomm's stock oscillated in the range of $66.62 and $67.60 during Thursday's session. It traded 11.18 million shares and shows a mild bullish trend. The stock may touch $67.97 in the coming sessions. Upon breaching this level, its next resistance level is at $69.10. On the downside, the stock may slip to $66.96 level. QCOM technical report can be accessed for free by signing up at
http://www.StockCall.com/QCOM041213.pdf
Tellabs Inc. traded in the range of $2.03 and $2.12 in its latest session. Its volume stood at 3.25 million shares, up from its average daily volume of 2.50 million. The company closed the session at $2.07, up 0.49 percent. The stock is currently trading above its short-term moving average price of $2.06, showing a bullish trend. In the coming sessions, it is expected to go as high as $2.10, while its first support level is at $2.02. The stock trades at beta of 0.62, making it a neutral stock to own. It has slumped 11.54 percent on a YTD basis. Tellabs commands market capitalization of $739.92 million. The free report on TLAB can be downloaded by signing up now at
http://www.StockCall.com/TLAB041213.pdf
Sonus Networks Inc. closed Thursday's trading session at $2.44, down 2.40 percent from its previous close. The stock shows a neutral trend and is likely to find support at $2.34. Upon breaching this level, it may go down to $2.27 level. However, it may go up to $2.59 in the coming sessions. The stock traded 1.09 million shares during yesterday's session, and it oscillated in the range of $2.44 and $2.53. The stock has declined 14.69 percent in the past 52 weeks. Sonus Networks beta stands at 1.71, implying high volatility. Free report on SONS can be accessed by registering at
http://www.StockCall.com/SONS041213.pdf
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